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Mar 27, 2012
03/12
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washington, d.c. the major indices in the midst of their best quarter since 1998. evidence of that was seen in both the s&p 500 and the nasdaq hitting new multi-year highs today. in fact, the nasdaq on pace for the biggest percentage monthly gain since the second quarter of '03. don't dismiss the story of the s&p. the s&p small kapp index hit an all-time high. >>> we have breaking news. heading over to steve liesman. >> fed chairman ben bernanke interviewed with abc news saying that consumer household and business sentiment have all improved saying we are in recovery and we have had good news but it's far too early to declare victory. he says the economic recovery still has a long way to go higher gas prices may cause higher inflation. not completely confident on the full track to recovery, maria. it's an interview the fed chairman gave around the lectors he's given to abc news. back to you. >> we sort of predicted or we could have guessed, steve, you know, if oil prices sky rocketed out of control it
washington, d.c. the major indices in the midst of their best quarter since 1998. evidence of that was seen in both the s&p 500 and the nasdaq hitting new multi-year highs today. in fact, the nasdaq on pace for the biggest percentage monthly gain since the second quarter of '03. don't dismiss the story of the s&p. the s&p small kapp index hit an all-time high. >>> we have breaking news. heading over to steve liesman. >> fed chairman ben bernanke interviewed with abc...
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Mar 22, 2012
03/12
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. >> i'm diana olick in washington. sales of existing homes are slowly climbing out of a hole, but will the home builders see the same fortune? we get new home sales tomorrow morning at 10:00. >>> i'm bob pisani down on the floor of the new york stock exchange. recently ipos have been all about cloud computing, but tomorrow i'll cover a different type of ipo. that's bats exchange, a new stock exchange that was created to compete with the nasdaq and the new york stock exchange. >>> and one of the things to watch, the big impact of the drought in california. it's having an impact on everything from agriculture to an endangered fish. jane wells is in los angeles now with the story. jane? >> reporter: hey, maria. californians always have a water problem but farmers call the current crisis a manmade drought forced on them to help a small fish, and they are going on offense like never before. >> this is like the garden of eden for farm production. >> reporter: but eden needs water, and bill detrick is watching most of it flow
. >> i'm diana olick in washington. sales of existing homes are slowly climbing out of a hole, but will the home builders see the same fortune? we get new home sales tomorrow morning at 10:00. >>> i'm bob pisani down on the floor of the new york stock exchange. recently ipos have been all about cloud computing, but tomorrow i'll cover a different type of ipo. that's bats exchange, a new stock exchange that was created to compete with the nasdaq and the new york stock exchange....
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Mar 30, 2012
03/12
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for those of you in washington, d.c. or maryland, 8.5%. which do not tax lottery prizes? this is shocking. california. >> financial difficulties, add a tax, california. >> delaware, new hampshire, pennsylvania, south dakota, tennessee, texas andhi
for those of you in washington, d.c. or maryland, 8.5%. which do not tax lottery prizes? this is shocking. california. >> financial difficulties, add a tax, california. >> delaware, new hampshire, pennsylvania, south dakota, tennessee, texas andhi
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Mar 28, 2012
03/12
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. >> our interest rates are based on comments that we in washington will address the significant debt and deficit problems that we have. do you see any evidence of that? >> i'm not a gold fan. i don't think it's an investment. it costs money to keep it, to insure it, to store it. if things really get bad and i need to buy food or water or whatever, ammunition, guns, i don't think anybody is going to trade me any of those things for my hunk of gold. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and that's a huge breakthrough. that's good for our country's energy security and our economy. looking for a better place to put your cash? here's one you may not have thought of: fidelity. now you don't have to go to a bank to get the things you want from a bank. like no-fee atms -- a
. >> our interest rates are based on comments that we in washington will address the significant debt and deficit problems that we have. do you see any evidence of that? >> i'm not a gold fan. i don't think it's an investment. it costs money to keep it, to insure it, to store it. if things really get bad and i need to buy food or water or whatever, ammunition, guns, i don't think anybody is going to trade me any of those things for my hunk of gold. two of the most important are...
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Mar 20, 2012
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that mentality has still not left washington. they are prepared to run up this bubble again, to push home ownership on people that can't afford it and go through all of this -- all over again. >> house prices are absolutely key here. you've still got people sitting on realized capital gains. 30% and a third say they have problems with potential capital losses if they were to move up and a quarter of people are still underwater. the value of their house is less than their mortgage. >> the consensus being arrived here in washington in america between some democrats and republicans, the smart way to do this is to broaden the base and lower the tax rates. take out of the tax code, tax shelters, so you can lower tax rates and flatten the tax system and wire us for growth. >> it will be interesting to see as we move into our earning season if this margin compression -- if the energy price move has started to bite into corporate margins. ♪ there's a place i dream about ♪ ♪ where the sun never goes out ♪ ♪ and the sky is deep a
that mentality has still not left washington. they are prepared to run up this bubble again, to push home ownership on people that can't afford it and go through all of this -- all over again. >> house prices are absolutely key here. you've still got people sitting on realized capital gains. 30% and a third say they have problems with potential capital losses if they were to move up and a quarter of people are still underwater. the value of their house is less than their mortgage....
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Mar 12, 2012
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ttd#: 1-800-345-2550 >>> >>> in washington tomorrow i'll watch for clues from ben bernanke and the committee after they wrap up the one-day meeting. we also get the latest retail sales data. >>> and one of the things to watch for, reality tv about to meet the world of retail when nbc launches "fashion star" tomorrow. jul julia boorstein looking into this. >> normally these fashion competition clothes, whoever has the best design wins. this is what retailer wants to sell in their stores. h & m, saks fifth avenue and macy's are sending their buyers on to the show. and their buyers are making acquisitions based on which of the different designs they like. then when you finish watching the show, you can go online and immediately buy the winning design or go into the stores the next day and buy the winning design. this is the first time that viewers have been able to buy the winning results of the show. and i talked to ben silverman about how he thinks this is hitting latest trends right now. >> you look at things like groupon and the way social shopping has exploded and marry that to the interes
ttd#: 1-800-345-2550 >>> >>> in washington tomorrow i'll watch for clues from ben bernanke and the committee after they wrap up the one-day meeting. we also get the latest retail sales data. >>> and one of the things to watch for, reality tv about to meet the world of retail when nbc launches "fashion star" tomorrow. jul julia boorstein looking into this. >> normally these fashion competition clothes, whoever has the best design wins. this is what...
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Mar 7, 2012
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and kelly evans at headquarters, thank you. >>> bargains in the housing market. >> i'm diana olick in washington. home prices are still falling, now may be the best time to get in. >>> up next, we take a look at the potential connection between morgan stanley and an alleged new york madam. control. moment. >>> we saw a recovery in metals today. right along with the rest of the market. also saw move as well with oil and products. the inventory numbers for crude came in a little better than expected. one outlier on the day was natural gas, which fell about 5 cents shy of a ten-year low. the expectation, a drawdown of 82 billion cubic feet. >> bertha, thank you so much. morgan stanley confirming today that it is investigating a connection between one of its brokers and alleged manhattan madam who may have provided prostitutes to influential clients. scott? >> maria, we are shocked, shocked to hear about allegations of prostitution with a connection to wall street. but yes, morgan stanley confirms it is investigating. this is all about the case of anna gristina, arrested last month in midtown, manha
and kelly evans at headquarters, thank you. >>> bargains in the housing market. >> i'm diana olick in washington. home prices are still falling, now may be the best time to get in. >>> up next, we take a look at the potential connection between morgan stanley and an alleged new york madam. control. moment. >>> we saw a recovery in metals today. right along with the rest of the market. also saw move as well with oil and products. the inventory numbers for crude...
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Mar 6, 2012
03/12
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i don't believe -- i can't believe the american people buy into what's coming out of washington. this is not america, as i understand it. okay? >> do you think the republicans hurt themselves with all this fighting? newt and santorum? >> look, anybody who wants to run for anything in america, is free to do it. that's the genius of america. so a guy like santorum who thinks he's got a shot when he doesn't, or a guy like gingrich, what they're doing is setting themselves up for speaking fees, fees for writing books. so, you know, to the extent that romney's being pounded around, it's probably good training for what's going to come in the fall. look, i'm pollyanna. i'll see good in everything. >> the president today was at a news conference and somebody asked him, what do you want to say to romney, he said, good luck tonight. >> i'll go back to what i said. you don't lift somebody else up by tear meg down. and i take a very special umbrage. we're talking about wealthy people, and that were takers. the reality is, almost every wealthy person i know has given more to charity in their
i don't believe -- i can't believe the american people buy into what's coming out of washington. this is not america, as i understand it. okay? >> do you think the republicans hurt themselves with all this fighting? newt and santorum? >> look, anybody who wants to run for anything in america, is free to do it. that's the genius of america. so a guy like santorum who thinks he's got a shot when he doesn't, or a guy like gingrich, what they're doing is setting themselves up for...
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Mar 21, 2012
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. >>> i'm diana olick in washington. a slew of housing data out today. some signs show improvement but there are very strong headwinds going into the spring. >>> plus, capital trying to cash in on the real estate market. we'll talk to barry sternlicth when we come back on "closing bell." a route map shows you where we go. but not how we get there. because in this business, there are no straight lines. only the twists and turns of an unpredictable industry. so the eighty-thousand employees at delta... must anticipate the unexpected. and never let the rules overrule common sense. this is how we tame the unwieldiness of air travel, until it's not just lines you see... it's the world. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 da
. >>> i'm diana olick in washington. a slew of housing data out today. some signs show improvement but there are very strong headwinds going into the spring. >>> plus, capital trying to cash in on the real estate market. we'll talk to barry sternlicth when we come back on "closing bell." a route map shows you where we go. but not how we get there. because in this business, there are no straight lines. only the twists and turns of an unpredictable industry. so the...
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Mar 14, 2012
03/12
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from a government perspective i don't sense washington will force them to break up. but i do think the fed and fdic have the legal authority to at least require them to simplify and rationalize their legal structures. the securities or activities in one subsidiary, insurance is in one subsidiary, and that would make at least easier to understand and easier to resolve if they do at some point fail down the road. >> so what kind of regulation would you like to see to ensure that we don't have the kind of activity that we saw in 2008, where a firm like aig can take down the world? >> right. so first of all, the systemic -- the financial council needs to designate the large entities and bring them under a provincial supervision by the fed that requires them to be subject of the fdic's resolution process, and submit living wills to show how they can be broken up. again, as part of that process, i think the fed and fdic should require all these mega institutions to rationalize their legal structures to mare business lines so they can be easily broken up and resolved if the
from a government perspective i don't sense washington will force them to break up. but i do think the fed and fdic have the legal authority to at least require them to simplify and rationalize their legal structures. the securities or activities in one subsidiary, insurance is in one subsidiary, and that would make at least easier to understand and easier to resolve if they do at some point fail down the road. >> so what kind of regulation would you like to see to ensure that we don't...
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Mar 13, 2012
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nothing's going on in washington so people feel safe to come out of the woodwork. i think that's one of the reasons jpmorgan can raise their dividend. the financials are sitting on a lot of cash. they'll be able to come out. there are a lot of other companies from the pharmaceuticals on to the energy companies that will be able to raise dividends as well. we think it's something coming. >> you do think then that this could pressure other s&p 500 companies that are cash rich to pay money to shareholders? >> it is. the only thing, the fly in the ointment is the taxes on dividends are due to double, maybe even triple. >> very good point. >> so that's the one thing holding people back. i think it may cause some companies to rather than issue higher dividends, is to actually buy back shares. >> unless the president reverses that, right? >> right. >> and keeps dividend taxes low. >> that's right. >> right now we don't see any willingness to do that. >> no. >> let me bring vadim in here. i want to get back to you on some of these banks, but vadim, would you commit new cap
nothing's going on in washington so people feel safe to come out of the woodwork. i think that's one of the reasons jpmorgan can raise their dividend. the financials are sitting on a lot of cash. they'll be able to come out. there are a lot of other companies from the pharmaceuticals on to the energy companies that will be able to raise dividends as well. we think it's something coming. >> you do think then that this could pressure other s&p 500 companies that are cash rich to pay...